No file data is read as a result of doing the open, only meta-data
(size, owner, mtime, etc).  It's true that both suggestions are
functionally equivalent.   The relative performance of the two suggestions
depends on:
1.  How many different cache managers access the file in one (say) 20-minute
    interval.
2.  How frequent the lock collisions are.
3.  How many different files are being managed this way on the same machine.

At any rate, I expect the performance will only vary by 10% either way. If
it matters to you, implement both and measure them.



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